The following brief video provides early-session technical analysis of the major stock indices, gold, silver, coffee, natural gas, and a new trade setup on the recent DNKG swing trade idea. Silver or Gold level access initially required.
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Trade Ideas & Market Analysis 10-21-20
2020-10-21T10:24:05-04:00Oct 21, 2020 10:24am|Categories: Equity Market Analysis, Gold & Commodities, Subscriber-only Content, Unofficial Trade Ideas|Tags: $COFFEE, $GOLD, $NATGAS, $NDX, $SILVER, $SPX, /ES, /GC, /KC, /NQ, /SI, DKNG, GLD, JO, QQQ, SLV, SPY, UNG|4 Comments
DX has a potential positive divergence on hourly if PPO manages to turn back up.
Randy
Bitcoin and GBTC has been moving higher.. what is your take on GBTC? time to jump in?
@rsotc IBM is breaking down. Wanna peak at it & tell us if you see something?
Yes, IBM just broke support & the longer-term charts (weekly), as well as the daily charts, does not look good. Another former big tech/market-leader, like INTC, that has seen better days & has been entrenched in a downtrend for quite some time now without much in the charts to indicate that the worst is over.